REV COMPLETES FINAL CASH PAYMENT FOR DRILL-READY ALBERTA NATURAL HYDROGEN PROJECT
VANCOUVER, British Columbia, July 31, 2025: REV Exploration Corp. (“REV” or the “Company”) (TSXV: REVX) has completed the second and final cash payment of $200,000 to an arms-length vendor under the terms of an agreement to acquire the vendor’s PNG leases associated with the Aden Dome and surrounding properties, forming the Company’s Alberta Natural Hydrogen/Clean Gas Project (see news release dated May 22, 2025).
Upon final approval of the transaction by the TSX Venture Exchange (the “TSXV”), REV will issue 300,000 common shares to the vendor at a deemed price of $0.27 per share. These shares will be subject to a statutory hold period of four months and one day from the date of issuance. With the closing of this transaction, REV will hold a 100% interest in a strategic package of PNG leases along the Alberta–Montana border. The consolidated land position spans 18 square kilometres, located approximately 160 km southeast of Lethbridge and 125 km west of the Saskatchewan border in a region historically known for shallow gas production.
Mr. Jordan Potts, REV Exploration CEO, commented:
We entered into this transaction at a timely point in the markets.
“This asset excites us – our geological team sees target pay zones at Aden that go beyond the potential for Alberta’s first Natural Hydrogen discovery, so there’s scale of opportunity here that we believe we can capture to drive shareholder value. In Quebec, our JMW Gold Property in the highly active Chibougamau Camp continues to show encouraging signs as we move toward a drilling campaign in the second half of 2025.”
Aden Dome Project Highlights
- The Aden Dome is a compelling Natural Hydrogen prospect, aligned with REV’s proprietary model for the accumulation of naturally occurring hydrogen (NOH), while also presenting potential for additional clean gas discoveries.
- REV plans to drill through igneous intrusives to test for NOH within the deeper Basal Cambrian Sandstone and Basement Complex.
- Intense fracturing observed at Aden Dome may provide connectivity to deeper crustal source rocks, consistent with REV’s hydrogen generation model.
- Seismic data and historic well logs indicate that the Devonian Beaverhill Lake carbonates and Basal Cambrian sandstones possess excellent reservoir quality and structural closure, making them prospective for helium and associated gases.
- The Aden Dome is an extension of the Sweetgrass Hills intrusive-volcanic complex in nearby Montana, where recent helium discoveries have been made and production is underway by regional peers.
Appointment of Permanent CEO
REV is also pleased to announce the appointment of Mr. Jordan Potts as permanent Chief Executive Officer, effective immediately. Mr. Potts had been serving as interim CEO and now transitions into the permanent role. His leadership has been pivotal in executing the Company’s strategic vision, including advancing REV’s Natural Hydrogen and clean gas initiatives in Western Canada and gold exploration efforts in Quebec.
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REV COMPLETES FINAL CASH PAYMENT FOR DRILL-READY ALBERTA NATURAL HYDROGEN PROJECT, source
